Smart Kitchen Appliances Market By Product (Smart Refrigerators, Smart Dishwashers, Smart Ovens), By Application (Residential, Commercial) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

With the advancement in the electronics and semiconductor industry, the home appliances sector is rapidly moving towards more energy efficient and high performance products. Similarly, growing development into the sensing devices for electronic appliances has further led to the emergence of various sensor-based intelligent home appliances. These are among the most important factors responsible for the smart appliances market growth. Due to increasing penetration of internet connectivity worldwide, manufacturers are now more focused towards incorporating these features in home appliances. Additionally, due to rising discretionary income of the people worldwide, consumers now prefer adopting high performance appliances thereby driving the overall market growth.

Smart kitchen appliances refer to advanced and luxurious kitchen appliances designed for better efficiency and capability as compared to the traditional appliances. These appliances are equipped with features such as internet connectivity, remote control and other sensing systems enabling easy operation along with energy savings. Due to rising technological advancement coupled with people’s discretionary income, the demand for smart kitchen appliances is expected to soar substantially in the coming years. Additionally, smart appliances are highly important in the smart grid infrastructure for they enable two-way communication. Thus, the market for smart kitchen appliances is expected to expand exponentially in the coming years. The only major concern for the market is the high cost of these smart appliances over traditional kitchen appliances.

The report titled “Global Smart Kitchen Appliances Market- Growth, Share, Opportunities and Competitive Analysis, 2015 – 2022” offers strategic insights into the global smart kitchen appliances industry along with the market size and estimates for the duration 2013 to 2022. The said research study covers in-depth analysis of multiple market segments based on product types, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2014 & 2022. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading smart kitchen appliances solutions vendors, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis and key developments. The major players profiled in the report are Whirlpool Corporation, AB Electrolux, Samsung Electronics Co., Ltd., Haier Group, LG Electronics, Inc., Panasonic Corporation, BSH Home Appliances Corporation (Robert Bosch GmbH),Dongbu Daewoo Electronics Corporation, Miele and Cie KG and Sub-Zero, Inc. Further, the report also covers market positioning of the key players operating in the smart kitchen appliances market. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the smart kitchen appliances industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2013 – 2014)
• SRC (Segment-Region-Country) Analysis
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Overall, the research study provides a holistic view of the global smart kitchen appliances market, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

Geography Segmentation Analysis

On the basis of geography, the global smart kitchen appliances market is segmented as per following regions and countries.

• North America
  • U.S
  • Rest of North America
• Europe
  • EU7
  • CIS
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
• Rest of the World
  • Middle East and Africa
  • Latin America

The global market for smart kitchen appliances is dominated by the North America region. As of 2014, the region contributed to more than one third of the total market revenue generated worldwide. The U.S. is the largest market for smart kitchen appliances in the region accounting for more than 3/4th of the total regional revenue. Due to high discretionary income of the consumers coupled with presence significant number of players, the market here is expected to witness strong growth throughout the forecast period. Thus, the region is estimated to retain its dominant position in the market throughout the forecast period.

Asia Pacific is expected to emerge as the highest growing market for smart kitchen appliances in the coming years. The growth here is majorly supported by China, Australia, Japan and South Korea. These countries have huge consumer base and hence the region holds large room for the market growth. Further, Europe is too expected to witness strong market growth during the forecast period. The market growth is mainly expected from the Western European countries.